Market Overview:
The global online betting market is expected to grow at a CAGR of 10.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing adoption of smartphones and other mobile devices for online betting, rising popularity of horse racing and sports events, and growing demand in emerging markets. In terms of type, the global online betting market is segmented into horse racing, sports events, and others (including casino games, lottery tickets etc.). The sports event segment is expected to account for the largest share in terms of revenue in 2018. This can be attributed to the increasing popularity of sporting events among bettors around the world. In terms of application, desktops are expected to account for a larger share than mobiles in 2018; however, mobiles are projected to witness higher growth during the forecast period owing to their growing penetration across regions.
Product Definition:
Online betting is the process of placing a wager on an event or game over the internet. The importance of online betting is that it allows players to bet on events and games around the clock, without having to leave their home.
Horse Racing:
Horse racing is a competition in which horses are driven by jockeys across a course. The horses that finish first receive points, and the riders who ride them win prize money. There are different types of horse racing such as steeplechase, hurdle races, marathon races and flat races. The most popular form of horse racing is thoroughbred racing where the participants compete at high speeds over a distance of one-mile on dirt tracks or asphalt tracks.
Sports Events:
Sports events are also known as sporting events or sports entertainment. It is an organized competition in which the players or teams participate to win points, Trophies, and money. Sports event can be either a single game or a series of games (e.g., tournaments) that are played over a period of time with the intention of determining who is the best team among all participants.
Application Insights:
The mobiles application segment led the global online betting market in 2017. The growth of this segment can be attributed to the increasing usage of smartphones and tablets for gambling activities. Bettors use their mobile devices for researching about a particular match or event, betting on it, and collecting winnings. This has resulted in a significant increase in demand for an online mobile casino that offers sports betting as well as other games such as slots and poker.
The desktop application segment is expected to witness considerable growth over the forecast period owing to its extensive use among traditionalbettors who have been using desktop computers since decades now. These individuals preferto gamble at regulated websites because they are more secure than mobile casinos or remote gaming sites where bets can be made via Wi-Fi connections only if users are physically present at the location where they access a website from their device¢â‚¬â„¢s browser window or applet (depending upon how it is accessed).
Regional Analysis:
Europe dominated the global online betting market in 2017. The region is expected to continue its dominance over the forecast period as well, owing to factors such as early adoption of online gambling and presence of regulated and legalized gambling establishments. Furthermore, U.K.
Asia Pacific is estimated to be fastest-growing regional market from 2018 to 2030 due to increasing number of smartphone users and rising disposable income especially in China & India.
North America accounted for more than 25% share in 2017 owing both volume (betting transactions).
Growth Factors:
- Increasing disposable income of people: The online betting market is expected to grow at a CAGR of over 16% during the forecast period. This is because the disposable income of people is increasing, and they are looking for new ways to spend it.
- Availability of a wide range of betting options: Another growth driver for this market is the availability of a wide range of betting options, which allows consumers to bet on sports, casino games, and other activities.
- Proliferation in mobile devices and internet connectivity: The proliferation in mobile devices and internet connectivity has also helped in the growth of this market as more people are now able to access online betting platforms from anywhere at any time.
- Rise in number of gambling enthusiasts: Another key growth driver for this market is the rise in number gambling enthusiasts who are looking for new ways to gamble and increase their chances of winning money.
Scope Of The Report
Report Attributes
Report Details
Report Title
Online Betting Market Research Report
By Type
Horse Racing, Sports Events, Online Bettin
By Application
Desktops, Mobiles
By Companies
M-Bet, Premier Bet, Online Bettin
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
238
Number of Tables & Figures
167
Customization Available
Yes, the report can be customized as per your need.
Global Online Betting Market Report Segments:
The global Online Betting market is segmented on the basis of:
Types
Horse Racing, Sports Events, Online Bettin
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Desktops, Mobiles
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- M-Bet
- Premier Bet
- Online Bettin
Highlights of The Online Betting Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Horse Racing
- Sports Events
- Online Bettin
- By Application:
- Desktops
- Mobiles
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Online Betting Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Online betting is a form of gambling where bets are placed with other online gamblers through an online portal or website.
Some of the major players in the online betting market are M-Bet, Premier Bet, Online Bettin.
The online betting market is expected to register a CAGR of 10.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Online Betting Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Online Betting Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Online Betting Market - Supply Chain
4.5. Global Online Betting Market Forecast
4.5.1. Online Betting Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Online Betting Market Size (000 Units) and Y-o-Y Growth
4.5.3. Online Betting Market Absolute $ Opportunity
5. Global Online Betting Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Online Betting Market Size and Volume Forecast by Type
5.3.1. Horse Racing
5.3.2. Sports Events
5.3.3. Online Bettin
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Online Betting Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Online Betting Market Size and Volume Forecast by Application
6.3.1. Desktops
6.3.2. Mobiles
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Online Betting Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Online Betting Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Online Betting Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Online Betting Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Online Betting Demand Share Forecast, 2019-2026
9. North America Online Betting Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Online Betting Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Online Betting Market Size and Volume Forecast by Application
9.4.1. Desktops
9.4.2. Mobiles
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Online Betting Market Size and Volume Forecast by Type
9.7.1. Horse Racing
9.7.2. Sports Events
9.7.3. Online Bettin
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Online Betting Demand Share Forecast, 2019-2026
10. Latin America Online Betting Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Online Betting Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Online Betting Market Size and Volume Forecast by Application
10.4.1. Desktops
10.4.2. Mobiles
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Online Betting Market Size and Volume Forecast by Type
10.7.1. Horse Racing
10.7.2. Sports Events
10.7.3. Online Bettin
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Online Betting Demand Share Forecast, 2019-2026
11. Europe Online Betting Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Online Betting Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Online Betting Market Size and Volume Forecast by Application
11.4.1. Desktops
11.4.2. Mobiles
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Online Betting Market Size and Volume Forecast by Type
11.7.1. Horse Racing
11.7.2. Sports Events
11.7.3. Online Bettin
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Anaysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Online Betting Demand Share, 2019-2026
12. Asia Pacific Online Betting Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Online Betting Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Online Betting Market Size and Volume Forecast by Application
12.4.1. Desktops
12.4.2. Mobiles
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Online Betting Market Size and Volume Forecast by Type
12.7.1. Horse Racing
12.7.2. Sports Events
12.7.3. Online Bettin
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Online Betting Demand Share, 2019-2026
13. Middle East & Africa Online Betting Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Online Betting Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Online Betting Market Size and Volume Forecast by Application
13.4.1. Desktops
13.4.2. Mobiles
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Online Betting Market Size and Volume Forecast by Type
13.7.1. Horse Racing
13.7.2. Sports Events
13.7.3. Online Bettin
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Online Betting Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Online Betting Market: Market Share Analysis
14.2. Online Betting Distributors and Customers
14.3. Online Betting Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. M-Bet
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Premier Bet
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Online Bettin
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. COMPANY4
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. COMPANY5
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. COMPANY6
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. COMPANY7
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COMPANY8
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
